Things to be Aware of When Choosing a Rewards Cash Credit Card

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Things to be Aware of When Choosing a Rewards Cash Credit Card

Things to be Aware of When Choosing a Rewards Cash Credit Card


Updated: December 26, 2012

Add to Favorites:

A lot of us are guilty of this: we usually sign contracts and agreements without even reading the fine print. This is real big mistake. When there are things which you find undesirable in the end, you just can't turn back for you have already signed the agreement. Just a simple act of failing to read and understanding the fine print of your credit card could cause you a lot of cash.

When analyzing your cash rewards fine print, here are some things that you need to give a close look at to make sure that everything is clear before you start swiping your plastic card:

When paying for your credit card bills, you've got an option to either pay the balance in full or just make a minimum monthly payment. When you usually opt to make the minimum payment then getting a rewards credit card is not for you. Remember that rewards cards have higher interest than the non-reward ones so you'd only be burdening yourself paying for interest charges and the high fees that go with rewards cards.

In credit card policies and agreements, you'd usually find the phrase 'up to'. When you see this, don't expect that you'd be receiving what you're expecting for more often than not, you'll receive lesser than what's expected. In most cases, it takes years before a cardholder is able to receive and enjoy what this 'up to' rates are all about.

When you apply for cash rebates reward then make sure that your card is recognized on real gas stations. There are instances when gas rewards or rebates aren't accepted at supermarkets or market clubs when you make a gas purchase thus giving you lesser benefit of enjoying what's called a reward.

When checking for rewards, look not only on the rewards and the points you'll be earning. You too should know how much the rewards could cost you. If you spend more than the cost of the reward then it is not a reward after all, you bought it as a matter of fact and is only masked as a reward. This could be a trick that will have you spend more for an item which is supposed to be gotten free.

The next time you go looking rewards cards, you already know the details you should never miss out. Enjoy all the benefits your credit card could give you.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How the Fed Rate Rise Impacts Credit Cards

How the Fed Rate Rise Impacts Credit Cards

Posted: June 20, 2017

Recently, the Federal Reserve hiked its benchmark rate by a quarter percentage point, as a result, you could see a rise of the interest rates on your credit cards by 0.25%. That was the first hike of the key rate in 2017 and the Fed ... Continue reading